Trading Summary - February 10. Another solid da
Post# of 6771
Another solid day of trading overall for $SKDI.
At the open, ignoring a small paint down from an order placed before the open, there was a gap up to .0083 with very little offered under under .0096.
All the significant moves were reported contemporaneously in earlier posts.
In particular, traders were quicker to hit the ask above hold back attempts - instead of bidding all day - and this achieved a .0090+ break with ease and a move up to .0096s started on only about 1.4M in ask buys.
Despite there being only 100K at .0097 and next to nothing being offered under .0110, about another 500K was traded in the .0095 > .0090 range before a manipulator put a suspect fake 1M on the ask at .0094.
This caused a number of others to undercut the ask further - the top traders of $SKDI were able to limit what was picked up on the ask below.0081 by bidding aggressively.
I believe only 2 traders got relatively fills at .0077 and .0079. Both were from small multiple repeat paint downs.
Almost nothing is being offered under the 1M at .0094 - which is likely to get partially cancelled when hit.
ARCA did not feature on the low ask at all today.
Overall, 3.54M shares were traded today - at generally higher levels than Friday - with most ask buys being in the .009xs instead of the .008xs and most bid buys being in the .008xs rather than the .007xs.
I added another couple of batches today in my overall pyramid.
All significant posts here were repeated throughout the Whale Team networks on telegram and slack. - with additional posts in the larger telegram room from others.
We should see another gap up on Tuesday at the open - provided people cancel their asks under .0090 - and a return to the 2020 high of .0125 later.
I also expect a break above .0125 towards .02+ later at some point this week.
I still expect expect $SKDI to be trading in the .02 > .05 range sooner rather than later and remaining there (or higher) throughout 2020.
We should see one or two PRs in the next 2 weeks - one on the 2020 plan the CEO was working on and also the 88% A/S reduction.
Warning ! Anyone who is seen posting nonsense on iHub on any on the thinly traded stocks I'm a shareholder in - especially when small paint downs are also seen along with undercut asks - can expect to have their user ID passed to the SEC which has now started to take action against those using the exact modus operandi I have detected and commented on for the past 2 years:
https://www.sec.gov/news/press-release/2019-216
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.